By The progression of events in the Niger Delta represents both opportunities to find lasting solutions to the violence in the region as well as serious risks to the corporate existence of Nigeria and international energy. The 2008 budget, the first by the Yar’ Adua Administration, shows the extent of the nation’s dependence on oil and its vulnerability to risks posed by the prolonged crisis in the Niger Delta. Of the projected total revenue of N1,986 trillion, 80% is expected to come from oil1. Nigeria is the 6th largest exporter of oil within The Organization of Petroleum Exporting countries (OPEC) and supplier of 12 percent of the energy needs of the United States of America (USA).
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